Former NBA Player and CEO of the George Group Sentenced to Nine Years in Prison for Role in a $2 Million Ponzi Scheme

| April 25, 2016. Ex-NBA player Tate George has been sentenced to nine years in prison and ordered to pay $2.5 million in restitution for operating ] a real estate Ponzi scheme that cheated other current and former NBA players. George is a former UConn basketball standout and played in the NBA for the New Jersey Nets and Milwaukee Bucks.

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Former New Jersey Nets and Milwaukee Bucks player C. Tate George has been sentenced to nine years in prison for his role in orchestrating a $2 million investment fraud scheme.

Judge John Hurley banned the former Boston Red Sox player from contacting his wife and set his bail. helping the long-suffering franchise win the World Series a few years later, then doing it again.

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PHILADELPHIA, P.A. – C. Tate George, former NBA basketball player and the CEO of purported real estate development firm The George Group, today lost his appeal of the nine-year prison sentence he received for his role in orchestrating a $2 million real estate investment ponzi scheme, Acting U.S. Attorney William E. Fitzpatrick announced.

NEWARK, NJ-C. Tate George, former NBA basketball player and the chief executive officer (CEO) of purported real estate development firm The George Group, surrendered this morning to federal.

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Former NBA Player And CEO Of The George Group Sentenced To Nine Years In Prison For Role In A $2 Million Ponzi Scheme TRENTON, N.J. – C. Tate George, former NBA basketball player and the CEO of purported real estate development firm The George Group, was sentenced today to 108 months in prison for his role in orchestrating a $2 million investment fraud scheme, U.S. Attorney Paul J. Fishman announced.

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